Fox Run Management L.L.C. Makes New Investment in Fox Factory Holding Corp. (NASDAQ:FOXF)

Fox Run Management L.L.C. acquired a new stake in Fox Factory Holding Corp. (NASDAQ:FOXF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,162 shares of the company’s stock, valued at approximately $913,000. Fox Run Management L.L.C. owned 0.07% of Fox Factory at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. KBC Group NV grew its stake in shares of Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock worth $57,000 after purchasing an additional 368 shares during the period. FORA Capital LLC boosted its stake in shares of Fox Factory by 5.9% during the 3rd quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock worth $378,000 after acquiring an additional 507 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after acquiring an additional 680 shares during the period. Swiss National Bank increased its stake in Fox Factory by 0.9% in the 4th quarter. Swiss National Bank now owns 82,000 shares of the company’s stock valued at $2,482,000 after purchasing an additional 700 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Fox Factory by 1.8% during the third quarter. Victory Capital Management Inc. now owns 42,891 shares of the company’s stock worth $1,780,000 after purchasing an additional 772 shares during the last quarter.

Fox Factory Trading Up 0.5 %

Shares of FOXF opened at $25.02 on Friday. Fox Factory Holding Corp. has a fifty-two week low of $23.91 and a fifty-two week high of $54.86. The stock has a fifty day moving average of $26.67 and a two-hundred day moving average of $32.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The company has a market capitalization of $1.04 billion, a PE ratio of 96.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $352.84 million for the quarter, compared to the consensus estimate of $321.31 million. As a group, analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Jefferies Financial Group cut their price objective on Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, December 11th. Finally, Robert W. Baird cut their price target on Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and a consensus target price of $39.14.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.